A MoU was signed by Dr. R.K. Malhotra, Director (R&D), Indian Oil Corporation, and Prof. R.K. Shevgaonkar, Director, IIT Delhi, on September 11, 2012, to collaborate for promotion of education, research and innovation.
Under the MoU, IndianOil will award about 10 research scholarships to students of IIT Delhi, who will carry out research work at IndianOil-R&D, in diverse areas of downstream hydrocarbon and alternative energy sources like Polymer Science/Technology, Biotechnology, Nanotechnology, Alternative Energy Sources.